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Director Dan Alexandru Solomon of PagerDuty (NYSE:PD), Inc. NASDAQ:PD, sold 48 shares of common stock on July 25, 2025, at a price of $18 per share, for a total transaction value of $864. The transaction occurred near InvestingPro’s Fair Value estimate for the company, which currently has a market capitalization of $1.5 billion and maintains impressive gross profit margins of 83%.
The sale was executed under a pre-arranged 10b5-1 trading plan adopted on September 10, 2024. Following the transaction, Solomon directly owns 2,656,975 shares of PagerDuty, Inc., a portion of which are restricted stock units. The company maintains a strong financial position with more cash than debt and a healthy current ratio of 2.02. InvestingPro analysis reveals 10+ additional insights about PagerDuty’s financial health and growth prospects, available in the comprehensive Pro Research Report.
In other recent news, PagerDuty is exploring strategic options, including a potential sale, after receiving acquisition interest from undisclosed parties, as reported by Reuters. The company has engaged Qatalyst Partners to assist in evaluating these options, although the process is still in its early stages. In light of this development, TD Cowen upgraded PagerDuty’s stock rating from Hold to Buy, raising the price target to $22.00, citing the high likelihood of an acquisition. Additionally, RBC Capital maintained its Outperform rating for PagerDuty, with a price target of $20.00, following a virtual discussion with the company’s management about recent performance and strategies.
PagerDuty’s recent annual stockholder meeting resulted in the election of three Class III directors: Elena Gomez, Zachary Nelson, and Bonita Stewart, who will serve until the 2028 annual meeting. The company also announced the appointment of Paul Underwood as its principal accounting officer, succeeding Howard Wilson, who remains the Chief Financial Officer. These developments reflect ongoing changes and strategic evaluations within PagerDuty.
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